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The stock rally continued on both sides of the Atlantic on Wednesday; the technology and chip stocks remained in the driver seat. Sentiment in Europe was bolstered by an almost 9% rally in ASML on news that their orders more than tripled last quarter. Now, there is a catch. A third of the $10 billion […]

The post When Do You Start to Worry About Chinese Stimulus? appeared first on Action Forex.

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Technical Outlook and Review

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ECB Review: Didn’t Rock the Boat, But Sailing Towards a Rate Cut

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08/12/2023

Technical Outlook and Review

DXY: The DXY chart currently shows a bearish overall momentum, indicating a potential for a bearish continuation in the price action. The 1st support level at 103.19 is considered an overlap support. This level holds significance as it aligns with both the 61.80% Fibonacci Retracement and the 61.80% Fibonacci Projection, indicating a Fibonacci confluence. This […]
30/05/2024

GBPUSD Wave Analysis

GBPUSD reversed from resistance level 1.2800 Likely to fall to support level 1.2675 GBPUSD currency pair recently reversed down from the key resistance level 1.2800, which has been repeatedly reversing the price from December. The downward reversal from the resistance level 1.2800 is likely to form the daily Japanese candlesticks reversal pattern Evening Star Doji. […]
24/07/2024

ETHUSD Trades Flat After ETF Debut

ETHUSD has been rangebound in the past few sessions Spot ETF launch did not trigger much volatility Momentum indicators remain positively tilted ETHUSD (Ethereum) has experienced a strong rally in July, breaking above its 50-day simple moving average (SMA). However, the leading altcoin has been trading sideways for more than a week now, even though the […]